Ontario · Bankruptcy
Trustee's Report to Creditors on Preliminary Administration dated March 28, 2022
Court officer report · 28 March 2022
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What we verified from this filing9 verified
- appointeeKSV Restructuring Inc.
- appointee roleLicensed Insolvency Trustee
- commencement date7 March 2022
- provincePROVINCE OF ONTARIO
- cash on handnote: Cash transferred from Tyr Trust Account into Trustee's estate account, remaining on deposit as at date of Report. · as at: 2022-03-28 · amount: 372000 · currency: CAD · qualifier: approximately
- financial positionnote: Components (in $000s): Interest in Co-Tenancies 1,700; Cash 350; Loan to GCI 250; Total Assets 2,300. Total liabilities not stated as a single figure; unsecured creditors totaled approximately $6.4 million per Statement of Affairs, with secured claims (BNS, Computershare) unconfirmed. · as at: 2022-03-07 · basis: estimated realizable value per Statement of Affairs sworn by Sheldon Gross on the date of bankruptcy · scope: entity (Sheldon Gross Limited only) · currency: CAD · total assets: 2300000
- operational summaryThe Company, a real estate holding company with no ongoing business operations, has ceased activity following its bankruptcy filing; the Trustee is realizing its interests in several co-tenancy real estate holdings and investigating pre-bankruptcy dealings alongside the related GCI bankruptcy.
- report date28 March 2022
- report noTrustee's Report to Creditors on Preliminary Administration